2,240 Shares in MongoDB, Inc. $MDB Acquired by Shelton Wealth Management LLC

Shelton Wealth Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,240 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in MongoDB during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MongoDB during the 4th quarter valued at $33,000. Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of MongoDB in the fourth quarter worth $38,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

MDB stock traded up $6.93 during mid-day trading on Tuesday, hitting $364.84. 356,865 shares of the stock were exchanged, compared to its average volume of 1,979,125. The business has a fifty day moving average price of $323.07 and a 200 day moving average price of $328.96. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72. The stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of -984.18, a PEG ratio of 1,279.90 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the company posted $1.00 EPS. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of MongoDB in a report on Monday, June 8th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Mizuho raised their price objective on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Stifel Nicolaus set a $435.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $366.00 target price on shares of MongoDB in a research note on Friday, May 29th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

Insider Buying and Selling at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,746 shares of company stock worth $50,247,978 in the last quarter. 2.60% of the stock is currently owned by company insiders.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.